{"id":15296,"date":"2025-02-27T11:31:57","date_gmt":"2025-02-27T11:31:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15296"},"modified":"2025-02-27T11:31:57","modified_gmt":"2025-02-27T11:31:57","slug":"blackrocks-bitcoin-etf-sees-record-5000-btc-outflow-as-market-dip-deepens","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15296","title":{"rendered":"BlackRock\u2019s Bitcoin ETF Sees Record 5,000 BTC Outflow As Market Dip Deepens"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">BlackRock\u2019s iShares Bitcoin Trust (IBIT) experienced its largest single-day outflow <\/span><span data-preserver-spaces=\"true\">to date<\/span><span data-preserver-spaces=\"true\">, with investors pulling out 5,000 BTC, equivalent to $420 million\u2014on February 26. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> marks a new record for the fund, surpassing the $332 million withdrawal <\/span><span data-preserver-spaces=\"true\">recorded<\/span> <span data-preserver-spaces=\"true\">on January 2<\/span><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The broader market is also feeling the pressure, with total outflows from spot Bitcoin ETFs reaching $756 million for the day, according to preliminary <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.coinglass.com\/bitcoin-etf\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">data from CoinGlass<\/span><\/a><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ongoing outflows come amid a <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/us-spot-bitcoin-etfs-see-record-937m-in-daily-outflows-as-btc-dips-below-90k\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">staggering $1.1 billion exit<\/span><\/a> <span data-preserver-spaces=\"true\">on February 24<\/span><span data-preserver-spaces=\"true\">, marking a seven-day streak of withdrawals <\/span><span data-preserver-spaces=\"true\">that has now totaled<\/span><span data-preserver-spaces=\"true\"> nearly $3 billion. <\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Fidelity\u2019s Bitcoin ETF Sees $145.7 Million Outflow Amid Market Sell-Off<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Fidelity\u2019s Wise Origin Bitcoin Fund (FBTC) was another major contributor to the outflows, shedding $145.7 million on the same day. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other funds, including those managed by Bitwise, Ark 21Shares, Invesco, Franklin, WisdomTree, and Grayscale, reported outflows r<\/span><span data-preserver-spaces=\"true\">anging <\/span><span data-preserver-spaces=\"true\">between $10 million and $60 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ongoing sell-off has significantly impacted the crypto market, with total market capitalization falling <\/span><span data-preserver-spaces=\"true\">by<\/span><span data-preserver-spaces=\"true\"> 5.6% to $2.9 trillion on February 26. Bitcoin <\/span><span data-preserver-spaces=\"true\">itself<\/span><span data-preserver-spaces=\"true\"> plunged to a low of $82,455, deepening its correction to 25% since reaching its all-time high on December 17. <\/span><span data-preserver-spaces=\"true\">Over $1 trillion in market value <\/span><span data-preserver-spaces=\"true\">has <\/span><span data-preserver-spaces=\"true\">been wiped out<\/span><span data-preserver-spaces=\"true\"> during this downturn<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the sharp decline, some analysts remain optimistic. CryptoQuant CEO Ki Young Ju cautioned against panic selling, emphasizing that a 30% correction is <\/span><span data-preserver-spaces=\"true\">common<\/span><span data-preserver-spaces=\"true\"> during Bitcoin bull cycles. He noted that Bitcoin dropped 53% in 2021 before rebounding to new highs.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">FIDELITY SOLD<br \/>ARK SOLD<br \/>GRAYSCALE SOLD<\/p>\n<p>BUT BLACKROCK\u2026 ALSO SOLD $150M <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/t.co\/Zfn4W2iIhk\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Zfn4W2iIhk<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1894839786072088800?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 26, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Industry experts, including BitMEX co-founder Arthur Hayes, suggest that much of the selling pressure comes from hedge funds using Bitcoin ETFs for arbitrage rather than long-term investment. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As these yield opportunities fade, many traders <\/span><span data-preserver-spaces=\"true\">are unwinding<\/span><span data-preserver-spaces=\"true\"> their positions, contributing to the sustained outflows. Hayes has projected that Bitcoin could fall to $70,000 if ETF outflows continue.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Adding to the market uncertainty, traders have also set their sights on the $74,000 support level amid economic concerns, including potential trade tariffs from U.S. President Donald Trump. <\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Over Half of Spot Bitcoin ETF Investors Engage in Arbitrage Strategies, Says 10x Research<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Markus Thielen, head of\u00a0<\/span><span data-preserver-spaces=\"true\">research<\/span><span data-preserver-spaces=\"true\">\u00a0at 10x\u00a0<\/span><span data-preserver-spaces=\"true\">Research<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">has also<\/span><span data-preserver-spaces=\"true\"> noted that over half of spot Bitcoin ETF investors are involved in ETF arbitrage strategies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He said that the majority of the inflows, about 56%, are linked to arbitrage strategies, particularly the \u201ccarry trade.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the unwinding of these trades causes significant ETF outflows, Thielen stressed that the process is market-neutral, with simultaneous selling of ETFs and purchasing\u00a0<\/span><span data-preserver-spaces=\"true\">of<\/span><span data-preserver-spaces=\"true\">\u00a0Bitcoin futures effectively offsetting broader price impacts.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">BlackRock\u2019s Bitcoin ETF saw a record outflow of 5,000 BTC ($420 million) on February 26.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">The broader crypto market suffered a 5.6% decline, with Bitcoin dropping to $82,455.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Analysts attribute the sell-off to hedge funds unwinding arbitrage positions.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/blackrocks-bitcoin-etf-sees-record-5000-btc-outflow-as-market-dip-deepens\/\">BlackRock\u2019s Bitcoin ETF Sees Record 5,000 BTC Outflow As Market Dip Deepens<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock\u2019s iShares Bitcoin Trust (IBIT) experienced its largest single-day outflow to date, with investors pulling out 5,000 BTC, equivalent to $420 million\u2014on February 26. This marks a new record for the fund, surpassing the $332 million withdrawal recorded on January 2. The broader market is also feeling the pressure, with total outflows from spot Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15296","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15296"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15296\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}